Donald Trump announced China tariff extends the deadline

Donald Trump announced China tariff extends the deadline


He also wrote that “with additional progress,” the talks planned to hold a summit with Chinese President Xi Jinping, 65, in Mar-a-Lago, Florida. “A perfect weekend for the US and China,” says Trump in his tweet. He did not provide specific information on the extension of time.

On March 1, a 90-day “ceasefire” officially ends, agreed by both sides at the G20 summit in Argentina in early December.

The US has threatened with new punitive tariffs if there is no agreement until then. The particular duties on imports from China in the amount of 200 billion US dollars could then be increased according to the plans of Washington from the current 10 to 25 percent.

China and US negotiators have made “significant progress” in trade talks in Washington over the past few days, according to Trump. On Friday, the US President welcomed Chinese Vice Prime Minister Liu He to the White House and talked about a “very good chance to make a deal.”

The White House had last stated that the deadline until 1 March was not to hold. Trump had emphasized that he was prepared to raise no further tariffs as long as the negotiations continued promisingly.